Property cooling measures: Analysts expect fewer million-dollar HDB resale flats but prices of 4-room units, rents may rise

The newly announced property cooling measures are likely to help reduce the number of million-dollar HDB resale flat transactions, said analysts.

Some property experts described the measures as the "first major" move of its type for public housing since at least 2013.

They caution about possible knock-on impact, such as an uptick in demand for four-room HDB flats and upward pressure on already high rental rates.

Some analysts also suggest that en-bloc prices may rise as sellers hold out for higher prices given the new restrictions on buying Housing and Development Board flats.

Prices of smaller private homes may also go up.